Wheeling Sunday register. [volume] (Wheeling, W. Va.) 1882-1934, 1887-06-26
FROM
A General Resume OF the Worlds Trade
and Industrial DOings.

PHILADELPHIA, IA, June Zo.-NOt-
withstanding the efforts made by specula-
tors and cliques and combinations to cor
ner the neceSsaries of life, the tendency Of
prices is downward in nearly all directions.
Large agricultural areas will be reduced to
cultivation By next season. The pro.
duetion of wheat, corn and oats, as we'll
as of cotton and wool, will be considerably
increased by the next season. The distri-
button of all the staple products of the
country continues in a most satisfactory
way. Consumers are purchasing only for
actual requirements, and this makes prices
weak, but preserves the market free from
fluctuations for the future. Trade is
moderately active in all great centres. The
earnings Of l01 railroads for the first five
months Of this year, are164 per cent greater
than for the same time last year. For
every S7S expended in building operations
last year, up to this date, so far as u re-
ports 20, 500 have been expended this
year. Real estate transactions for five
months show an increase of one half, over
| the transactions for the first five months of
last year.
The Bank Clearings at :S cities show an
increase Of 2 per cen over the previous
week, and IL per cent over the same week
last year. The labor strikes show an
average of 400 daily, since June lat. The
strikes have been going against a majority
of the wOrkmen engaged. The various
labor organizations are taking more con-
sentative grounds, and employers are en-
eouraged by this fact to believe that no
serious diSarrangements will occur through
the rest of the season.
A GREAT DEAL OF COMPLAINT
is made in trade and manufacturing circles,
about dizziness and low prices prevailing.
Activity and high prices at this time,
would be the worst blessings the country
could have. There is already too much
feyerishness TO expand productive capacity
in every direction; too great a desire to in
vest money in any channel where it prOmi-
ses q moderate return, 1t is better that
there shOuld he a curb or a restraint put
upon the feyerish enterprise of the country.
No longer than q year ago, it was said that
the country had capacity to make in 8
months, what it needed in ~. This was
a mistake, as the history of the past 8
months has demonstrated, and it would
be "a mistake to say that the present pro-
ductien will answer for the demands of the
next II months.
The manufacturing interests throughout
the country are for the most part, very
buSily engaged in preparation for the fall
and winter demand. The reports hereto
fore given as to the activity for all kinds
of cheap and dear cotton goods, are still
true. The demand for wooden and worSted
-. :, L...,,.,. - ,,rNa TIayhar
prices for wool will be established. The
general belief is in commercial circles, that
the demand for all kinds of wearing ap-
parel, and manufactured products, will he
sufficient to keep III mill capacity busy,
and prices firm.
H BOSTON MARKET
is active in lumber, leather, dry goods, and
i'm general merchandise. Throughout
Rhode Island, the wooden mills are a little
slack. In Philadelphia, the textile and
iron and steel mills are all busy. In Pitts
burg, a good deal OF apprehension exists as
to the outcome of the conference in the
iron trade this week, over the demand for
q 1Qper cent advance.
In Chicago, dry goods are particularly
active, and there is an improving move
ment in iron, steel, coal, lumber, and staple
groceries. In Milwaukee, there is q general
improvement in trade among retailers. In
Omaha, there is great activity in building.
Money is easy; lumber is coming in IN
large quantities; real estate is active, and
all things point to a favorable season.
In Savannah, q great deal Of business is
in progress for lumber for North Atlantic
markets. In Galveston, business is rather
quiet, as is usual at this season. The
spectators in bread stuffs have been suf-
fciently scared, to make the country at
large feel safe from another attempt of the
recent kind. The small shoD keepers are
doing an increasing business, and this dis
tributiOn is destined toreHect itself in July
and August, on the wholesale interests.
THE RAILROAD MANAGERS
are increasing their orders for all kinds OF
railway material, from cars and locomo-
tives, down to everything entering into
railway construction and tinlshment.
Within a month, orders for no less than
10000 cars have been placed. Since the
LIST. of June, the business in steel rails,
either actually placed, or under inquiry,
will reach 200,0 900 tons.
Labor organizations are climbing into
permanency, with as few elements Of dis.
iutergatiOn as could be expected, under the
circumstances. Organized labor has grown
wonderfully in intelligence during the past
few years. This is shown in the character
Of the lecturers who are listened to in the
discussions in their societies, in their con
tributions to some of their organs, in their
discussions in Boards of Arbitration, and
in their intercourse with employers, when
arguing wage questions.
The Henry George movement threatens
to be q Jonah to the labor movement. The
tens of thousands prefer to stick to trades
unioRism pure and simple, and to let land
reform 60. The Parade last Saturday
night in New York, had $1,000 workmen,
mostly Catholics, and is an evidence to the
public and the Pope, that DR.. McGlynn
and his land theories, have friends In
America who are not afraid or ashamed to
be seen and heard.
The 4th Of July will be celebrated by
labor organizations especially, and by the
public at large, n it was never before
celebrated, and the custom will have much
influence in scattering abroad q true com
~prehensiOn OF republicanism and demOc'
raey.
woRKINGMEN GENERALLY
are earning good 2 The anthracite
miners have wisely concluded to make no
effort to increase wages They have been
out-generalled by the great controlling
~monopolies; though defeated for the time
being, they win be heard from when the